ExxonMobil’s 2008 Investments to Build on Asian, Mideast Positions

ExxonMobil says it will “nearly double” last year’s $1.8-billion chemical expenditures this year, by focusing on expanding existing assets or joint ventures in Asia and the Mideast. The company says “good progress” continues to be made on feasibility studies for proposed projects in Saudi Arabia and Qatar, and that previously announced petrochemical projects in China and Singapore are progressing on schedule (CW, Oct. 10/17, 2007, p. 19). Those combined investments will allow ExxonMobil Chemical to increase its steam cracker capacity...

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